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Glencore (GLEN)

276.85p

16:05 18/01/21

  • -1.09% -3.05p
  • Today's Low & High
  • 270.50 / 279.65
  • Open / Previous Close
  • 279.00 / 276.85
  • 52-week range
  • 13.84% 33.65p
  • Volume
  • 15,493,327
  • Market Cap(million)
  • £36,888.36m

276.35p REAL TIME BATS

  • 16:29 18/01/21
  • -1.72%
  • -4.85p

Technical Analysis

Support and resistance levels

S1

211.67
-24.38%

R1

304.03
8.62%

S2

196.12
-29.93%

R2

327.23
16.91%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 274.57
  • 269.23
  • Levels of negotiation support resistance
  • 286.17
  • 292.43

Technical situation

Monitor critical support in 211.668, weakness below.

Recommendation

Short term comment

The technical price analysis can be skewed as bullish but very close to the support and critical area that today generates the upward guideline in 211.668 levels. The 211.668 - 196.121 range represents an area of ??greater neutrality, so the loss of 211.668 would prevent a bullish rating.

Long term comment

After the previous rise, with a 92.9% revaluation, there was an important downward correction phase of -28.8%, initiated in july 2020 at 211.459, and ended at the low of 150.592 (23-november-2020). The current gains have exceeded the previous peaks at 211.459, currently reaching 287.100 (14-january-2021) with no sign of weakness.

Indicator Previous Current Signal Comment
RSI 7 81.10 70.30 The RSI does not warn of overbought or oversold.
RSI 14 78.60 72.70 The RSI does not warn of overbought or oversold.
RSI 21 77.10 72.90 The RSI does not warn of overbought or oversold.
RSI 50 70.00 68.10 The RSI does not warn of overbought or oversold.
RSI 200 55.50 55.10 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Signs of bullish exhaustion with turn signal.
Slow Stochastic n/a n/a Signs of bullish exhaustion with turn signal.
Simple Moving Average 7 276.88 277.73 Lack of trend in the very short term.
Simple Moving Average 21 251.70 253.80 Bullish trend in the short-medium term.
Simple Moving Average 50 224.20 226.58 Extremely bullish in the medium-term trend.
Simple Moving Average 200 179.18 179.97 Extremely bullish in the long-term trend.
Exponential Moving Average 7 273.53 275.12 Very short term trend bullish.
Exponential Moving Average 21 255.05 257.31 Bullish trend in the short-medium term.
Exponential Moving Average 50 230.74 232.67 Extremely bullish in the medium-term trend.
Exponential Moving Average 200 199.15 199.95 Extremely bullish in the long-term trend.
MACD Line -9.50 -8.60 Price in uptrend.
MACD Signal -3.30 -2.30 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 273.53 275.12 Very short term trend bullish.
Double Exponential Moving Average 21 255.05 257.31 Bullish trend in the short-medium term.
Double Exponential Moving Average 50 230.74 232.67 Extremely bullish in the medium-term trend.
Double Exponential Moving Average 200 199.15 199.95 Extremely bullish in the long-term trend.
Divergences n/a n/a NO
On Balance Vol. 590,253,692.00 550,887,364.00 OBV supports recoveries.
Momentum 7 11.05 1.35 Upload speed of the very short term is strong, but not extreme.
Momentum 7 48.45 44.90 Upload speed in the very short term is extremely fast.
% K Williams 0.00 12.40 Overbought, would support a bearish turn.
Priority Date Notification
18/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
18/01/2021 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
15/01/2021 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
15/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
15/01/2021 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
15/01/2021 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
15/01/2021 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of some fresh selling after a more positive recent phase.
14/01/2021 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
14/01/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
14/01/2021 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.
14/01/2021 The RSI7 indicates an overbought price. Thus, bearish pressure can increase in the short term.